G4S takeover back on the table as as Allied Universal amends offer

An offer from Allied Universal to take over security firm G4S has been given an imminent deadline.

Shareholders have until 1pm on March 16 to accept Allied Universal’s acquisition offer, after which the current offer will lapse.

On March 8, Allied Bidco - part of Allied Universal - announced it was waiving down the percentage of G4S Shares required to satisfy the acceptance condition from 75 per cent to G4S Shares carrying in aggregate more than 50 per cent.

Commenting on the deal, Ashley Almanza, chief executive officer of G4S, commented: “G4S has been transformed into a focused global leader in security services with market-leading solutions and a blue-chip customer base that is served by a dedicated and talented team of over 530,000 employees.

“The combination of G4S and Allied Universal creates the global leader in security with over 750,000 employees, industry leading capabilities and unrivalled market coverage.

“This unique and compelling combination will offer customers exceptional service and provides employees with an exciting future.”